Month: April 2011

Text size     Jan-April 2011 Tourist Arrivals To Cyprus From Me Grew By 4%The Cyprus Tourism Organisation (CTO) will be mounting a strong presence at the forthcoming Arabian Travel Market in Dubai from 2nd to 5th May in conjunction with Cypriot travel industry professionals at the Dubai International Convention and Exhibition Centre (DICEC). “The […]

An increasing number of Chinese have been travelling overseas in recent years as the nation’s economy gains strength and its government relaxes rules on travel abroad. Figures from the China Tourism Authority show that total Chinese outbound departures are expected to reach 65 million in 2011, up 13% year-on-year. Overall, China’s share of the global […]

DUBAI (AFP) – The International Monetary Fund said Wednesday the economy of debt-laden Dubai was expected to expand by nearly three percent this year, on the back of robust trade, logistics and tourism sectors. “The recovery is taking hold, and we see the growth rate for Dubai this year just a little bit shy of […]

PRLog (Press Release) – Apr 26, 2011 – UAE, April 2011   –   The Taj Palace Hotel Dubai has identified Azerbaijan and Kazakhstan as key emerging markets for Dubai in 2011.   According to Azerbaijan’s Economy Ministry Azerbaijan’s economy is likely to grow further in the next few years, but is predicted to reach […]

DUBAI — Regional turmoil is creating an unexpected boom for Dubai as tourists and businessmen flock once again to the shopping and skyscraper oasis after fleeing just a few years ago in the wake of its spectacular debt debacle. Visitor numbers are noticeably higher in Dubai’s gleaming malls and restaurants, and hotels are ecstatic as rooms […]

Yaser Alamoodi, a Saudi Arabian public relations executive, had his plans to holiday in Dubai during this month’s school vacation thwarted because he could not get a seat on a flight. The aircraft were packed as tourists from Riyadh swarmed to an emirate they saw as immune to the kind of uprising that made it […]

Yaser Alamoodi, a Saudi Arabian public relations executive, had his plans to holiday in Dubai during this month’s school vacation thwarted because he could not get a seat on a flight. The aircraft were packed as tourists from Riyadh swarmed to an emirate they saw as immune to the kind of uprising that made it […]

Dubai shares rose a tenth day, the longest rally in six years, as investors turned to assets in the politically stable emirate on signs the economy is recovering and after oil advanced. Emirates NBD PJSC (EMIRATES), the United Arab Emirates’ biggest bank by assets, surged to the highest since December 2009. Dubai Financial Market (DFM) […]

(CNN) — Getafe became the third Spanish football club to pass into foreign ownership on Thursday after signing a deal with Dubai’s Royal Emirates Group. The Madrid-based team followed in the footsteps of Malaga and Racing Santander, which were also taken over by overseas interests in the past year. Royal Emirates Group, a conglomerate chaired […]

The Governmental delegation headed by the River Nile State of Sudan H.E. Governor Lt Hadi Abdallah Mohammad Al Awad was accompanied by H.E. Abdel Salam Mohamad Al Kheir Abdallah, Minister of Investment, Industry, Tourism and Mining, H.E. Ahmad Al Siddiq Abdul Hai, Ambassador of Sudan to the UAE as well as economic advisors from the […]

DUBAI, April 19 (Xinhua) — Dubai Group, the financial services arm of state-run conglomerate Dubai Holding, is in talks with creditors to restructure 10 billion U.S. dollars of debt, 4 billion dollars more than previously announced, an English daily of the United Arab Emirates (UAE) reported Tuesday. The company aimed to restructure 6 billion dollars […]

Text size     DUBAI — Dubai, which is home to the world’s tallest building and the largest shopping mall, will open the world’s tallest hotel in mid-to-late 2012 at Shaikh Zayed Road. Spread across two iconic towers, the 1,614-room JW Marriott Marquis Hotel Dubai is set to become one of the region’s most desirable […]

Dubai hired four banks including Citigroup Inc. (C) to raise $800 million in financing backed by road toll receipts to help fund transport projects in the emirate. The Department of Finance also appointed Dubai Islamic Bank PJSC (DIB), Emirates NBD PJSC (EMIRATES) and Commercial Bank of Dubai PSC (CBD) to arrange the dual-currency, six-year financing, […]

Feb 26th 2006, 00:00 Dubai press on Malta visit

During 2010, DWTC delivered one of the world’s most successful platforms for international businesses to interact with regional markets, bringing together approximately 1,415,000 visitors from over 155 countries with 32,781 exhibiting companies from over 85 countries, enabling the Events Industry to remain a key contributor to Dubai’s economy. Helal Saeed Almarri, CEO of Dubai World […]